Examples of BREC in a sentence
For the services, payments and facilities to be furnished hereunder by the Manager, the Manager shall be entitled to receive from BREC in respect of each month a monthly management fee at the rate of 1/20th of 1% of the average daily gross investment assets of BREC.
In case of initiation or termination of this Agreement during any month with respect to BREC, the fee for that month shall be based on the number of calendar days during which it is in effect.
The Manager may elect to waive all or a portion of any monthly management fee; in the event of any such waiver, the amount so waived shall not be due from or payable by BREC under this Agreement for such month.
The value of BREC's assets shall be computed daily in accordance with the by-laws of BREC and any resolutions of the directors of BREC.
The gross investment assets on any day means the value of all assets of BREC, minus the sum of BREC's liabilities other than the principal amount of money borrowed.
The BREC shall provide formal recommendations to the Board based on the conclusions of its review and analysis on a confidential and non-binding basis.
This Agreement shall continue indefinitely unless terminated or amended by BREC.
The BREC shall meet in-person, telephonically or by such other medium as is mutually agreed by the BREC Voting Members at such times as deemed appropriate by the Chairperson of the BREC, any two BREC Voting Members, the Chairperson of the Board or the Chief Executive Officer to carry out its responsibilities under this Charter.
In addition to the above, the BREC shall be provided with all necessary resources and authority for it to discharge its purpose, responsibilities and duties in performing the following functions in support of updating CenterPoint’s strategic business plan: • Provide advice and recommendations to the Board based on the BREC’s Business Review and Evaluation.
At inception, the BREC members shall include: Xxxxx Xxxxx, Xxxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxxx X.